Motilal Oswal has given Buy recommendation for Mahindra and Mahindra recommended buy rating on the stock with a target price of Rs 980 in its researc with a target price of Rs. 980 in its research report issued on May 29, 2021

Motilal Oswal’s research report on Mahindra and Mahindra

MM’s 4QFY21 performance was driven by higher realizations in the Auto segment and cost savings. While growth in Tractors is slowing down after robust growth in FY21, the Auto segment is expected to see strong momentum in both LCVs and SUVs (led by new products and easing of supply issues).


We cut our FY22E/FY23E EPS estimate by 5%/2% to account for sales loss due to the ongoing lockdown. We maintain our Buy rating with a TP of INR980/share (Mar’23E SoTP).